MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jan.25 2021
1. Review
Last week, the Nikkei Stock Average closed up 112 points from the previous week at 28,631. The week's low was 28,111 on Monday the 18th. The week's high was 28,846 on Thursday the 21st. The week’s closing price was moving between the lower support line and the upper resistance line, so it was neutral. However, since this closing price exceeded the Weekly Trend Indicator Point (TIP) for 11 of the last 12 weeks, the underlying trend remained in an “upward trend.”
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